Doug Cahill has joined CCMP Capital Advisors as an executive advisor. He will focus on investment opportunities in the consumer/retail and industrial sectors. Cahill is the former President and Chief Executive Officer of Oreck, the Nashville-based maker of upright vacuums and cleaning products.
NEW YORK, May 30, 2013 — CCMP Capital Advisors, LLC today announced that Doug Cahill has joined the firm as Executive Advisor, focusing on investment opportunities in the consumer/retail and industrial sectors.
Mr. Cahill brings more than 25 years of experience growing consumer-focused and industrial companies, most recently serving as President and Chief Executive Officer of Oreck, the Nashville-based manufacturer of upright vacuums and cleaning products, from 2010 until March 2013. Prior to joining Oreck, Mr. Cahill served as President and Chief Executive Officer of Doane Pet Care Company, a private label manufacturer of pet food and former CCMP portfolio company. Under his leadership, Doane’s sales more than tripled through organic growth and acquisitions, and the company was transformed from a regional private label pet food manufacturer to a leading global pet food supplier with 37 plants in the United States and Europe. In 2005, Mr. Cahill led the sale of Doane to the Ontario Teachers’ Pension Fund for $875 million and in 2006, Mr. Cahill spearheaded the company’s sale to Mars Incorporated for $1.2 billion, retaining leadership through both transactions. As part of Mars, Mr. Cahill grew the U.S. Petcare business from $1.7 billion to $4 billion in three years.
“We are delighted that Doug is joining our team as an Executive Advisor, bringing over two decades of senior management experience as well as a wealth of hands-on operational knowledge of consumer and industrial businesses to CCMP,” said Rich Zannino, Managing Director of CCMP Capital and co-head of CCMP’s consumer/retail practice. “We have had the pleasure of partnering with Doug in our previous investment in Doane and we were highly impressed by his leadership and the substantial value he created there. Doug will be focused on adding value to our portfolio companies and working with us to identify and pursue new investment opportunities in our consumer/retail and industrial sectors.”
“CCMP is a world-class firm with a strong track record of pursuing unique investment opportunities, building successful businesses and creating value for its investors,” said Mr. Cahill. “I am excited to work alongside Rich and the talented team at CCMP to play a meaningful role in the firm’s continued success.”
Prior to joining Doane in 1997, Mr. Cahill spent 13 years at Olin Corporation, a diversified manufacturer of metal and chemicals, where he served in a variety of managerial and executive roles. During his tenure as Worldwide General Manager of Olin’s pool chemical business, Mr. Cahill led the company through a dramatic growth period, turning around a business that was losing $3 million per month to a business with $60 million in EBITDA in only two years. While at Olin, Mr. Cahill also successfully negotiated a settlement with the Federal Trade Commission, which contributed to the revolution of the global pool chemical industry.
Mr. Cahill, 53, serves as a Board Member for Junior Achievement of Middle Tennessee, the Boys & Girls Club of Middle Tennessee and Vanderbilt University’s Owen Graduate School of Management. In January 2009, he was appointed an Advisor to Mars Incorporated. He also sits on the Board of Directors of Banfield Pet Hospital. Mr. Cahill has a Bachelor of Science degree from Bowling Green University.
About CCMP Capital
CCMP Capital Advisors, LLC (“CCMP”) specializes in middle market buyouts and growth equity investments of $100 million to $500 million in the U.S. and Europe. CCMP focuses on generating alpha through the operational transformation of its portfolio companies. With offices in New York, Houston and London, CCMP invests in four primary industries: Consumer/Retail, Industrial, Energy and Healthcare. Selected investments under management include: ARAMARK Corporation, Chaparral Energy, Edwards Group, Generac Power Systems, Infogroup, Jetro Holdings, LHP Hospital Group, Medpace, Milacron, Newark Energy, Ollie’s Bargain Outlet and Pure Gym.